India August industrial output jumps 8 percent
India reported an industrial output growth of 8 percent in August driven by strong manufacturing and electricity gains. Economists had expected a lower increase of 6.5 percent.
India's industrial output grew 8% in August, beating the 6.5% consensus forecast from economists polled by Reuters. The expansion marks the third consecutive month of factory growth at or above 8%, per statistics ministry data released Monday. The rebound signals stronger domestic demand heading into the autumn festival season.
